Port operations stand for 70 percent of SISCO’s revenues: Report

Port operations, storage services, and re-exports contributed around 70 percent to the revenues of Saudi Industrial Services Co (SISCO) in 2014, said Mohammed Al Modares, chief executive of the company.

Meanwhile, water desalination accounted for about 25 percent of the company’s top-line and logistics activities representing nearly 5 percent, he was quoted as saying in CNBC Arabiya.

SISCO reported SAR 78.1 million profit in fiscal year 2014, compared to SAR 56 million a year earlier, according to data available on Argaam.